please help its very hard. Assignment A3 - Amortization Schedules (Calculator...
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please help its very hard.
Assignment A3 - Amortization Schedules (Calculator method - partial schedule) Required: Construct a partial amortization schedule showing the following information: 1. Payment \# with the original principal balance 2. Details for the first two payments 3. Details for the last two payments - Payment details must include payment \#, payment amount, interest portion, principal portion, and principal balance 4. Balance at the end of the loan 5. Total interest paid on the loan 1. Loan Amortization Schedule (P/Y=C/Y) Details: RBC has provided a $50,000 loan to Capilano Custom Cabinets Inc. at an interest rate of 6% compounded monthly. The loan is to be paid back in equal payments at the end of each month over an 18 -month term. Total Interest paid on loan
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